The Guardian | Opec fails to reach agreement on oil production levels The Guardian The UK North Sea industry could see more layoffs and spending cuts but a lower oil price – currently just below $50 per barrel compared with the $100 level reached in the years prior to 2014 – is good for British motorists, manufacturers and homeowners. In oil markets, US inventories blunt OPEC effect Oil Prices Hover Around $50 a Barrel After OPEC Meeting Saudi Oil Chief Khalid al-Falih Tells OPEC Changes Are Coming |